Revela, with projected sales of almost $240 million in 2023, would add new capabilities to ADM’s global flavors portfolio in the $1.8 billion global dairy flavors segment, as well as the $3.2 billion savory flavors segment.
ADM acquired Revela Foods, a Wisconsin-based developer and manufacturer of innovative dairy flavor ingredients and solutions.
The acquisition is subject to customary closing conditions and regulatory approvals. ADM intends to complete the transaction early in 2024.